How to buy Ethereum

You already know quite well what Ethereum (ETH) is. Now you would like to get some. Obviously the first thing is to have a wallet where you can store them. From there you can get them in many different ways.
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Buy Ether locally

There may be people close to where you are who want to sell Ether. If so, you can possibly find them in LocalEthereum.

Therefore, you would only have to choose buy Ether using Cash (in person) close to where you are. If you are lucky a list of people will appear. But it is not easy unless you are in a big city or you are lucky. So the simplest thing may be that you choose Bank Transfer In other words, a bank transfer of a lifetime. In this case, it is likely that you will find sellers. You should pay attention mainly to one detail: the seller's profile which you access by clicking on its name.

In this example we have a seller who has made a lot of transactions, has 100% positive reviews and, in addition, a verified email and phone number. Everything indicates that it is trustworthy and you will not have any problem. If the price seems right, go ahead.

You will not find sellers here that accept Paypal or some other similar payment method. Those options exist but no seller trusts them. One because Paypal does not usually sympathize with the purchase and sale of cryptocurrencies and two because it is a method that allows you to cancel the payment or easily reverse it if the buyer says (maliciously) that he has not received the merchandise. So even though the option exists, I have never seen anyone accept it.

On the other hand, if you have found people close to you and you want to have a meeting in person to make the purchase, an elementary precautionary criterion is that the exchange takes place in a public place and with enough people around. Not that anything in particular has to happen, but you know what the world is like.

Buy Ether with fiat currency

To buy with the official currency of a country you must be registered in an exchange house that works with fiat currency. In all of them you must have verified some aspects of your identity. You have a few very popular and reliable enough options.

BITCOIN.DE: is a German market where payment to the seller is made directly by bank transfer. The exchange house stores the purchased ETH until the seller notifies the system that it has already received the transfer. It is a fairly reliable system since a bank transfer to the account that the seller has set up is perfectly demonstrable. Therefore, Bitcoin.de acts as a guarantor for the delivery of ETH to the buyer. It has been running smoothly for many years and is a good option to buy ETH if you live in Europe.

You see a list of buyers and a list of sellers. The green shield mark means that they are fully identified users. The other green symbol is that they accept "Express Trade" which is a fast buying and selling system still in beta. The rapid system requires having a smart account  at Fidor, a German bank. Transfers between users of that bank are instantaneous and that is why it is called Express Trade. But if you are not German or do not live in Germany (and you do not understand German) it is not an option. In any case, Bitcoin.de is recommended if you can wait how long it takes for your transfer to arrive to have your ETH. The commission is 1% that is shared between buyer and seller. In other words, you pay 0,5% for the purchase. As you will see, it is notoriously more expensive in this of commissions than others. German efficiency pays off.

KRAKEN: It is one of the most solid and respected Exchanges based in the USA but worldwide and that accepts Euro, US Dollar, Canadian Dollar and Yen. In this case you have to deposit money in your account through transfer. In this way, it is the exchange house itself that handles both fiat money and cryptocurrencies. Thus, once you have preloaded the account with money or another cryptocurrency, the changes are made in real time with a 0,26% for the buyer on ETH / EUR and XBT / EUR (here the abbreviation of Bitcoin is XBT). You can also buy with other cryptocurrencies such as Litecoin, Monero and some more.

They recently (January 2018) completely renewed their trading interface, which is currently one of the most innovative and beautiful.

Bitstamp: It is one of the oldest and most reputable exchange houses with offices in the USA, Luxembourg and the UK. It is quite convenient for European citizens who can enter cash using SEPA transfers. The commission is 0,25% for volumes less than $ 20.000 in 30 days. Therefore, you can buy ETH with fiat currency as well as other cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin or Ripple.

GDAX: it is an interesting exchange house for those who are beginning to experiment because it is relatively easy to understand and handle. It was acquired by Coinbase which is well known for an aggressive marketing policy and some complaints about privacy issues such as keeping records of how its users use their cryptocurrencies which is not a pretty thing, especially if you pay for rare things from a wallet. said company. You can buy ETH with US Dollar, Euro or Bitcoin with a commission of 0,25%

COINBASE: Since I mention it when talking about GDAX, I must also say that it is even easier to use and with an interface entirely in Spanish. In this case, it is a matter of linking a bank account or a credit / debit card to your account. Both on its web platform and in its mobile applications the process of buying ETH is extremely easy. Of course, with a 1% commission and also some charge (1,49%) when entering by transfer or by card (3,99%). In transfers, the money will be available in about three days and in the case of cards the availability is immediate but, yes, the weekly amount that you can buy with a card is quite limited.

Buy ETH with other cryptocurrencies

Although in the exchange houses suggested above you can also acquire ETH with other cryptocurrencies, if we do not plan to use fiat currency there are others that may interest us such as Bittrex, Poloniex o Binance.

On-the-fly trading sites that do not generally require registration or identification are also very suitable for purchasing ETH. You can try:

Changelly: it not only allows you to exchange many cryptocurrencies for others, including ETH but also to buy with US Dollars or EUR using Visa or Mastercard credit cards that support 3D-Secure (that is, they are associated with your phone number) although, of course , it is not the cheapest way to acquire ETH.

Shapeshift: It is one of the oldest exchanges on the fly and allows you to exchange a good number of cryptocurrencies for ETH.

Flyp.me: very easy to use. You choose the cryptocurrency you want to exchange for ETH and the process is very clear and quite fast.

Coinswitch: It's a great idea. You choose the cryptocurrency you want to send to obtain ETH and it shows you the prices in many different places so that you can choose the best offer or the option that you think is the most convenient. Then, you can proceed to make the change. It will even show you some exchange houses and the system is in charge of making the change for you even if you do not have an account in those Exchanges. Yes, you must have it on Coninswitch and verify a phone number. It is an excellent option if you don't want to deal with a traditional exchange.

From a wallet

There are wallets that allow you to make changes between currencies. They are usually associated with some of the Exchange on the fly that we have mentioned before but as the process is carried out from the same wallet, everything is even simpler and safer.

Coinomi: is a popular multi-currency wallet for Android. Integrates with Changelly and Shapeshift.

Holytransaction: it is an online wallet that allows you to save Bitcoin, Litecoin, Dogecoin, Peercoin, Dash, Ethereum, Decred, Zcash, Syscoin, Faircoin, Gamecredits, Gridcoin and Blackcoin as well as some Ethereum-derived Tokens. You can easily get ETH using any of those currencies as it is integrated with flyp.me.

P2P Exchange

BISQ: I include this platform that is still far from coming of age not because it has a lot of movement, which does not have it at all as you can see in the image below, but because it is worth a try as it has a good chance of becoming a reference. It is still under development but its approach is simple and very well built. In fact, among the exchange options for cryptocurrencies (and fiat money) peer to peer, between people, this is the one that is the most friendly and easy to use.

First of all because the degree of privacy and anonymity is considerable. It even connects directly through the TOR network and you don't need more than the most basic data to make transactions. And secondly because its system of guarantees to ensure exchanges is also excellently raised. As a separate article deserves, I will only comment on the essentials. The desktop application is a multi-currency wallet itself. From there, you can offer cryptocurrencies for sale or accept offers with different payment methods, including bank transfer. Therefore, it is a system in which you can get ETH by different methods. That if, when there are more offers. Now, the next ETH buy offer may be yours. Everything is a matter of starting.

@Sophocles